Verba-Projects: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Verba-Projects
Largest movements
- Tangible fixed assets -€43,449
down €43,449 (-19.7%), from €220,229 to €176,780
of which Plant, machinery and equipment: -€34,174
- Receivables within one year +€24,794
up €24,794 (+260%), from €9,540 to €34,334
of which Trade receivables: +€25,071
- Cash -€4,703
down €4,703 (-6.5%), from €71,864 to €67,161
mainly Receivables within one year (-€24,794) and Accrued charges and deferred income (-€13,524)
- Stocks and contracts -€3,520
down €3,520 (-100%), from €3,520 to €0
- Accrued charges and deferred income -€13,524
down €13,524 (-100%), from €13,524 to €0
- Tax, wage and social debts -€5,379
down €5,379 (-41.8%), from €12,870 to €7,491
of which Taxes: -€2,950
- Other debts -€3,374
down €3,374 (-33.2%), from €10,162 to €6,788
- Debts after one year -€3,360
down €3,360 (-1.4%), from €232,429 to €229,069
of which Financial debts: -€3,360
- Financial charges -€19,401
down €19,401 (-96.7%), from €20,062 to €661
- Depreciation +€15,585
up €15,585 (+76.7%), from €20,318 to €35,903
- Gross operating margin +€13,342
up €13,342 (+57.1%), from €23,376 to €36,718
- Other operating charges +€1,392
up €1,392 (+169%), from €824 to €2,216
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €307,900 | €280,984 | -€26,916 | -8.7% |
| Fixed assets | 21/28 | €220,229 | €176,780 | -€43,449 | -19.7% |
| Tangible fixed assets | 22/27 | €220,229 | €176,780 | -€43,449 | -19.7% |
| Land and buildings | 22 | €126,410 | €119,280 | -€7,129 | -5.6% |
| Plant, machinery and equipment | 23 | €91,674 | €57,499 | -€34,174 | -37.3% |
| Furniture and vehicles | 24 | €2,146 | €0 | -€2,146 | -100% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €87,671 | €104,204 | +€16,533 | +18.9% |
| Stocks and contracts in progress | 3 | €3,520 | €0 | -€3,520 | -100% |
| Stocks | 30/36 | €3,520 | €0 | -€3,520 | -100% |
| Amounts receivable within one year | 40/41 | €9,540 | €34,334 | +€24,794 | +260% |
| Trade receivables | 40 | €9,150 | €34,221 | +€25,071 | +274% |
| Other amounts receivable | 41 | €390 | €113 | -€277 | -71.0% |
| Cash at bank and in hand | 54/58 | €71,864 | €67,161 | -€4,703 | -6.5% |
| Deferred charges and accrued income | 490/1 | €2,747 | €2,709 | -€38 | -1.4% |
| Total equity and liabilities | 10/49 | €307,900 | €280,984 | -€26,916 | -8.7% |
| Equity | 10/15 | €35,109 | €32,770 | -€2,339 | -6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €60,329 | €60,329 | = | 0.0% |
| Distributable reserves | 133 | €60,329 | €60,329 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€37,620 | -€39,959 | -€2,339 | -6.2% |
| Amounts payable | 17/49 | €272,791 | €248,214 | -€24,577 | -9.0% |
| Amounts payable after more than one year | 17 | €232,429 | €229,069 | -€3,360 | -1.4% |
| Financial debts | 170/4 | €22,429 | €19,069 | -€3,360 | -15.0% |
| Other amounts payable | 178/9 | €210,000 | €210,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,838 | €19,145 | -€7,694 | -28.7% |
| Current portion of amounts payable after more than one year | 42 | €3,025 | €3,360 | +€335 | +11.1% |
| Trade debts | 44 | €781 | €1,506 | +€724 | +92.7% |
| Suppliers | 440/4 | €781 | €1,506 | +€724 | +92.7% |
| Taxes, remuneration and social security | 45 | €12,870 | €7,491 | -€5,379 | -41.8% |
| Taxes | 450/3 | €10,441 | €7,491 | -€2,950 | -28.2% |
| Remuneration and social security | 454/9 | €2,429 | €0 | -€2,429 | -100% |
| Other amounts payable | 47/48 | €10,162 | €6,788 | -€3,374 | -33.2% |
| Accrued charges and deferred income | 492/3 | €13,524 | €0 | -€13,524 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,318 | €35,903 | +€15,585 | +76.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €121 | €0 | -€121 | -100% |
| Other operating charges | 640/8 | €824 | €2,216 | +€1,392 | +169% |
| Gross operating margin | 9900 | €23,376 | €36,718 | +€13,342 | +57.1% |
| Operating profit (loss) | 9901 | €2,113 | -€1,401 | -€3,514 | |
| Financial income | 75/76B | €5 | €0 | -€5 | -94.9% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -94.9% |
| Financial charges | 65/66B | €20,062 | €661 | -€19,401 | -96.7% |
| Recurring financial charges | 65 | €20,062 | €661 | -€19,401 | -96.7% |
| Profit (loss) for the period before taxes | 9903 | -€17,945 | -€2,062 | +€15,882 | +88.5% |
| Income taxes | 67/77 | €280 | €277 | -€3 | -1.2% |
| Profit (loss) for the period | 9904 | -€18,225 | -€2,339 | +€15,886 | +87.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,225 | -€2,339 | +€15,886 | +87.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.